Market Overview

Marvell Gets A Vetr Crowd Upgrade

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The Vetr crowd upgraded their rating for Marvell Technology Group Ltd. (NASDAQ: MRVL) on Monday, from 2.5 stars (Sell), issued two days ago, to 3 stars (Hold). Crowd sentiment for Marvell is generally cautious, with 57 percent of Vetr user ratings bearish.

Looking solely at the price from the past 30 days, Marvell has had a pretty placid month, wavering within the $14-$15 range. The stock closed at $14.20, down 0.8 percent.

However, the semiconductor company did receive a bid of confidence from Shannon River Fund Management Llc. Based on a third quarter 13F filing; The hedge fund picked up an additional 370,000 shares of the stock earlier in December, bringing its holdings up to 2 million.

See how crowdsourced ratings could help you time the market.

Currently, the Vetr crowd's average target price for the stock is down at $14, which is a little lower that the average analyst target price of $14.30. Less than 2 percent of Vetr users are holding MRVL in their watch lists.

Latest Ratings for MRVL

DateFirmActionFromTo
Dec 2019MaintainsOverweight
Dec 2019MaintainsEqual-Weight
Dec 2019DowngradesOutperformMarket Perform

View More Analyst Ratings for MRVL
View the Latest Analyst Ratings

Posted-In: VetrUpgrades Crowdsourcing Analyst Ratings Tech General

 

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